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- Release of the Australian annaul budget
Release of the Australian annaul budget
- The Australian Government forecasts a budget deficit for the 2015-16 financial year of A$35.1 billion;
- The Australian Government expects that the mining investment in 2015-16 will be 25.5%;
- The Australian Government expects that iron ore price will be $48 per ton in 2015-16;
- The Australian government forecasts that consumer price inflation will be 2.5% in 2015-16;
- The Australian Government expects the unemployment to reach 6.5% in the 2015-16;
- Net debt in Australia is expected to peak at 18% of GDP in 2016-17;
- The Australian Government expects the real GDP to grow 2.75% in 2015-16;
- The Australian government forecasts that a budget deficit will turn into surplus in 2019-20.
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